The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

approach it the same way you would interviewing a business partner because that is what you will be. 

While you're interviewing PMs, I'd also be interviewing Realtors to help you with this, focusing on ones that have relationships with PM in the area, have helped investors before, etc.

Go with a hard money lender in that scenario - but also recognize you need to have some $.

Look them up online, call and interview several of them.

So Nathan, is it also the tenant's fault for not recognizing that caulking and grout is missing which led to the leak in the first place?

It's a new resource from BiggerPockets that helps you find reliable property management partnerships and gives you everything you need to make confident hiring decisions:-Expert Matching: Match with professionals who meet your criteria-Extra Assurance: See licenses, experience, ratings, reviews, and more that can be cross-checked with BiggerPockets members-Bonus Content: Plus they'll send you an interactive workbook: “How to Interview Property Management Companies”Hope this helps!

These partners and opportunities helped me grow my wealth by seven figures.I recognize this is not everyone’s experience.

For legal, we can provide you a list of attorneys out there who do this and my recommendation is to interview them to see which one you feel works best for you.